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Billy Corgan will receive a series of payments made at the end of years 1, 2, 3, and 5 of $2,083, $2,237, $1,125, and $1,949,
Billy Corgan will receive a series of payments made at the end of years 1, 2, 3, and 5 of $2,083, $2,237, $1,125, and $1,949, respectively. If the relevant interest rate is 8 percent, compute the total present value (PV) of the payments.
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